Twenty stocks in focus in Monday morning trade
NEW DELHI: The Indian market is expected to open flat-to-higher on Monday tracking positive trend seen in other Asian markets.
Here is a list of top twenty stocks that are likely to be in focus today:
HDFC Ltd: HDFC said that it will raise Rs 730 crore through private placement of non-convertible debentures. The mortgage lender said the proceeds will be used to fund its long term capital resources.
Nalco: Nalco said its board will meet on May 25 to discuss buy-back of the government's 25 per cent stake in the aluminium maker.
Mahindra and Mahindra Finance: The non-banking Finance arm of the Mahindra group, is raiising up to Rs 1,000 crore via retail bond sale, for the first time, as it aims to expand its retail franchise.
BHEL, Power Grid: The state-run BHELBSE 0.04 % will be dropped from the BSE's benchmark index Sensex from June 20 and will be replaced by Power Grid Corporation of IndiaBSE 0.28 % .
Godrej Group: Diversified Godrej Group is looking to accelerate growth and multiply its size 2.5 times in the next four years to touch USD .. 10 billion mark by 2020 with acquisitions in emerging markets slated to play a key role in achieving the target.
Sadbhav Infrastructure: The company said it has been declared the lowest bidder by National Highways Authority of India (NHAI) for two of its projects in Gujarat at a bid price of Rs 1,389 crore.
Tata Power: The company is expected to report 75 per cent YoY growth in net profit to Rs 280 crore for the quarter ended March 31, compared with Rs 159 crore reported in the year-ago period.
BPCL: The state-run oil & gas refiner is expected to report 36 per cent YoY drop in the net profit to Rs 1822 crore for the quarter ended March 31, compared with Rs 2853 crore reported in the year-ago period.
ONGC: India's flagship explorer ONGCBSE 1.40 % is facing a repeat of KG fiasco in Iran as lengthy negotiations on terms may drive it to a point where its disco .. vered gas reserves in Farzad-B field in the Persian Gulf may be drawn out by neighbouring Saudi Arabia.
Tata Motors: India's Tata Motors is in talks with a local manufacturer here to set up a joint venture for assembling its petrol cars in Iran as it looks to tap the fast growing market that has just emerged from sanctions.
Monsanto: Dozens of people gathered at The Forks in Winnipeg on Saturday to protest genetically modified organis .. (GMO) and agricultural business giant, MonsantoBSE -0.27 % , said a media report.
Cox & Kings: Tour and travel firm Cox & Kings on May 20 reported a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 64.56 crore for the corresponding period of the previous fiscal, Cox & Kings said in a filing to BSE.
Britannia Industries: Bakery and dairy products maker Britannia IndustriesBSE -2.04 % on Friday reported a 13.73 per cent increase in its consolidated net profit at Rs 190.23 crore for the quarter ended March 31, 2016.
IDBI Bank: State-owned IDBI BankBSE -0.47 % posted a net loss of Rs 1,735.81 crore for the March quarter, hit by a two-fold jump in bad loans. The bank had earned a net profit of Rs 545.94 crore during the January-March period of 2014-15.
Balrampur Chini Mills: Sugar firm Balrampur Chini Mills LtdBSE -4.08 % reported a 30 per cent rise in standalone net profit at Rs 98.78 crore for the March quarter, on better realisation from sale of the sweetener.
Deccan Cements: The company reported a 41 per cent fall in standalone net profit at Rs 9.96 crore for the quarter ended March 31. The firm had clocked a net profit of Rs 16.81 crore in the year-ago period, it said in a regulatory filing.
Finolex Industrie .Finolex reported almost three-fold jump in standalone net profit at Rs 78.47 crore for the March quarter. The company had posted a net profit of Rs 27.68 crore in the January-March period of 2014-15 fiscal.
Somany Ceramics: The company reported a 76.31 per cent increase in standalone net profit at Rs 26.06 crore for the fourth quarter ended March.
Just Dial: Local search engine Just Dial on Saturday reported a 25.08 per cent decline iin net profit at Rs. 35.33 crore for the quarter ended March 31. The company had reported a net profit of Rs. 47.16 crore for the corresponding quarter a year ago.
HFCL, Sterlite Technologies: Homegrown telecom gear and optic fibre cable makers Himachal Futuristic CommunicationsBSE -2.70 % (HFCL) and Sterlite TechnologiesBSE -1.25 % have emerged the lowest (L1) bidders for supplying nearly Rs 13,000 crore of equipment to Bharat Sanchar Nigam (BSNL), which is building a mega communications network for the armed forces.
Tata Steel: Management buyout firm Excalibur is considering joining Indian-origin businessman Sanjeev Gupta's Liberty House to acquire Tata Steel's UK assets, according to people familiar with the matter told ET.